Volatile political situation in Pakistan delaying IMF deal: report
Washington/Islamabad, Mar 15 (PTI) The current volatile political situation in Pakistan has become a factor in delaying a much-needed deal with the Washington-based IMF that may stabilise the cash-strapped country’s economy, according to a media report on Wednesday.
Pakistan’s economy is in dire straits. The country is awaiting a much-needed USD 1.1 billion tranche of funding from the International Monetary Fund (IMF).
The funds are part of a USD 6.5 billion bailout package the IMF approved in 2019, which analysts say is critical if Pakistan is to avoid defaulting on external debt obligations.